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Tullow Oil plans to drill first Guyana well in third quarter of 2019

OilNOW -
(Reuters) - Tullow Oil plans to drill its first well in the much-watched Guyana offshore basin in the third quarter of next year in its Orinduik license bordering discoveries by Exxon, a spokesman said on Wednesday. Exxon and U.S. partner...
News

Business group sounds warning over agreement to be signed between Guyana and Trinidad

OilNOW -
A sound warning was issued on Wednesday afternoon by the Georgetown Chamber of Commerce and Industry (GCCI) in Guyana over a reported decision by the country’s government to enter into an agreement with Trinidad and Tobago. Speaking at an emergency...
News

Energy agreement with Guyana to open pathway for TT companies – Rowley

OilNOW -
Trinidad and Tobago (TT) Prime Minister, Dr. Keith Rowley told an audience in Marabella on Tuesday evening that an agreement soon to be signed between the twin-island republic and Guyana will open the pathway for TT companies to benefit...
Exploration

Guyana’s oil fortune rapidly increasing

OilNOW -
‘Unprecedented’ is the one word that sums up the remarkable string of oil discoveries which US supermajor ExxonMobil has been making off the Guyana coast since 2015. The company’s success rate for finding crude in an area five and...
News

Transocean leads in industry consolidation

OilNOW -
Transocean has become the market leader for consolidation in the offshore drilling industry with the announcement of its acquisition of Ocean Rig, according to Rystad Energy Senior Offshore Rig Analyst Liz Tysall. This acquisition adds nine high-spec ultra-deepwater drill-ships,...
News

Argentina closes energy ministry, institutes new taxes

OilNOW -
As part of broad austerity measures to address a severe monetary crisis, gas-rich Argentina is dismantling its energy ministry and levying duties on all its exports. Following an announcement from President Mauricio Macri that the country will seek a faster...
News

Anadarko halts GoM operations ahead of ‘Gordon’

OilNOW -
US oil company Anadarko said on Monday that it has evacuated workers and shut down production on two oil platforms in the northern Gulf of Mexico following hurricane warnings, as tropical storm ‘Gordon’ approaches. The company, which has an exploration...
News

World-class Liza field accounts for 15% of all crude found globally since 2015

OilNOW -
UK-based industry analyst Wood Mackenzie says Guyana has been one of the most dominant players in the oil and gas industry since 2015 with a record number of discoveries being made, most notable of which are those in the...
News

Noble Tom Madden set for Pluma drill campaign as ExxonMobil ramps up oil search in Guyana

OilNOW -
Fresh off of its 9th discovery offshore Guyana, US oil major ExxonMobil already has a new target in its cross-hairs and will aim to begin drilling operations  around October this year. The company says potential for additional production from significant...
News

PM Rowley to OWTC – ‘Buy the refinery’

OilNOW -
In wake of the ongoing storm over the future of Trinidad and Tobago’s Petrotrin, Prime Minister Dr Keith Rowley has announced that the Oilfields Workers Trade Union (OWTU) will be given the first option to buy the beleaguered Pointe-a-Pierre...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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